IT Sourcing & Procurement (Top Financial Firm/Fund)

Coda Search│Staffing · Chicago, Illinois

FULL TIME

Job Description

Our client is a premier Financial Technology/multi-strategy, multi-manager Fund, seeking to add an experienced VP Strategic Sourcing & Procurement professional to lead the Procurement and strategic sourcing function within IT vertical for firm, managing vendor relationships and ensuring the organization manages efficient buying processes. The role focuses on optimizing IT sourcing and procurement processes, proactively identifying and resolving areas of weakness within the firm. Select individual should be well versed in navigating and (re) negotiating all facets of highly complex IT vendor contracts.

Responsibilities

Support the implementation of quality standards and policies by collaborating across all operational teams and processes

Responsible for the preparation, analysis, negotiation and finalization of the end-to-end Procurement process for all software and data providers

Perform direct negotiations and manage large and complex agreements

Find and deliver saving opportunities via stakeholder engagement and data analysis

Identify, evaluate, and select vendors based on quality, cost, and delivery capabilities, specifically within the financial services sector

Collaborate with internal stakeholders, including Finance, Legal, HR, Compliance, Technology and Operations teams, to understand procurement needs and specifications

Maintain accurate records of procurement activities, contracts, and vendor information within the firm ERP

Accountable for purchasing financial performance initiate and lead cost reduction projects

Internal/External customer focus to address complex issues

Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues

Influence or convince stakeholders to achieve outcomes

Lead Purchasing team to achieve the goals of the function and align with the organization’s goals

Establish & maintain relationships with key functional managers and their teams to ensure understanding of their needs and to facilitate the appropriate level of challenge

Stay updated on industry best practices, regulatory requirements, and advancements in procurement technology

Overseeing work progress and ensuring timely completion of technical development activities

Develop and review KPIs, interview and hire staff and oversee staff training and complete performance evaluati ons

Qualifications

A minimum of a Bachelor's degree is required for this position

A minimum of 8 years’ experience in Procurement/Strategic Sourcing

Experience within the financial industry preferred

.In Depth knowledge of bidding procedures and criteria

Strong leadership, vision and strategy setting, communication, influencing, collaboration, and talent development skills

Strong contract management and negotiations skills

.Excellent analytical and problem-solving abilities

.Strong Project and change management capabilities

Ability to continuously improve the organization

Excellent computer skills with Excel, Word, PowerPoint, and familiar with ERP

Experience in working with multi-cultural team

Data-driven decision maker with excellent program management and organizational skills

Company	Coda Search│Staffing
Location	Chicago, Illinois
Type	FULL TIME
Niche	Full-time

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